The Tron Foundation has always been a major player as it relates to preserving market sentiments in their TRX token’s favor. Matter of fact, just recently, a new partnership with Tether has been announced that aims to normalize the use of USDT as the preferred token on the Tron blockchain for the second quarter of 2019.
Tron’s founder and CEO, Justin Sun broke the news and said with their own stable coin, it will be a lot more beneficial to the ecosystem and easier for many other financial entities to gain access to the Tron blockchain. In an interview conducted recently, the CEO pointed out his reason as to why he believes that Omni will be left behind with this new partnership. He went on to say that Omni was the bench standard to drive the community as it relates to platforms who create and trade cryptocurrencies, as well as personal digital assets.
Sun explained that the unpredictability and risk will be significantly reduced when the pairing of the Tron token and USDT are complete. He went into some details about the USDT’s value and never failed to mention that the biggest stablecoin in the industry is made up of over 2 billion assets on the USDT tether blockchain.
The Tron boss also spoke to the speed and real-time transactions that are conducted on the Tron blockchain, which is free for all users. On the other hand, when compared to Tron, it was noticed that Omni transactions can take up to an hour to be completed and the fees can range between $1 and $10 at any given time.
According to him, the new TRC20 token allows tons of deployment work in line with the USDT, which is not offered on the Omni blockchain. The topic then moved into the advantages of the USDT/TRX pair which are as follows:
Firstly, USDT Tron will be providing liquidity in Tron decentralized exchange. The second point was the introduction of a new method of value storage via the TRX holder. Thirdly, the risk of cryptocurrency will be reduced with the introduction of an innovative way for users to play DApps. Lastly, the Tron blockchain will be given a new legal framework that will, in turn, boost the confidence of institutional investors.
The CEO closed by stating that the benefits outlined would be helpful to both Tron and Tether communities respectively, by providing them with many more opportunities in a decentralized financial industry.
According to the Jean-Louis der Velde, CEO of Tether the aim is to create more room for innovation in the cryptocurrency environment. She went on to say that she was delighted to be collaborating with the Tron, and that a partnership of this nature only seeks to solidify their pledge to facilitate more innovation in the industry, as they continue to meet and surpass the needs of the digital asset community.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 86% | 13 | $61 039.31 | 0.23% | -4.46% | $1 202 325 269 967 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 84% | 20 | $2 887.29 | -1.14% | -7.85% | $346 795 566 863 | ||
3 | USDT | Tether predictions | 93.6% | 1 | $0.999802 | 0.02% | -0.03% | $110 818 098 877 | ||
4 | BNB | Binance Coin predictions | 89.6% | 15 | $588.24 | -0.36% | -0.46% | $86 816 849 926 | ||
5 | SOL | Solana predictions | 84% | 29 | $139.84 | -4.59% | -4.37% | $62 722 389 574 | ||
6 | USDC | USD Coin predictions | 94.8% | 1 | $1.000129 | 0.02% | 0.01% | $33 128 370 342 | ||
7 | XRP | XRP predictions | 87.6% | 14 | $0.492999 | -2.88% | -7.26% | $27 291 995 974 | ||
8 | TON | Toncoin predictions | 71.6% | 55 | $6.86 | -0.71% | 16.16% | $23 821 690 323 | ||
9 | DOGE | Dogecoin predictions | 80.4% | 34 | $0.137101 | -4.59% | -15.56% | $19 779 234 873 | ||
10 | ADA | Cardano predictions | 87.2% | 17 | $0.429396 | -2.53% | -5.95% | $15 314 787 685 | ||
11 | SHIB | SHIBA INU predictions | 77.6% | 46 | $0.000022 | -3.41% | -11.70% | $12 844 823 160 | ||
12 | AVAX | Avalanche predictions | 82% | 33 | $32.29 | -3.84% | -13.23% | $12 319 209 548 | ||
13 | WTRX | Wrapped TRON predictions | 78.8% | 34 | $0.126857 | 0.26% | 5.00% | $11 097 524 700 | ||
14 | TRX | TRON predictions | 79.6% | 34 | $0.126625 | -0.15% | 4.79% | $11 077 292 859 | ||
15 | STETH | Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.